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Dec 2, 2012
12/12
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what about the fiscal cliff? do you think we will go over it? what does it mean? we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on behind the scenes and stocks go up. this is tremendous volatility. this time of year we get santa claus rally, the stocks will rally until the end of the year. but if the taxes go on, on capital gains and dividends, people will start to sell now to have the better, more preferential tax treatment than afterwards. we may see selling in first of the year. >> eric: long-term, think long-term. once we get past that. what will the effect be? what if taxes on dividends go up? >> this is incredible disincentive. especially on the capital gains. to take the risk of investing. when you say long-term, long-term, if you don't need the money you inve
what about the fiscal cliff? do you think we will go over it? what does it mean? we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on behind the scenes and stocks go up. this is tremendous...
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Nov 22, 2012
11/12
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cliff on the spending side. it would be up to the republicans to convince the american public that we have to reform these things in order to save these things. to a large degree, we have to be concerned that they are not articulating this to the point where people are saying now. i'm not ready to do it. even though the irony is any sort of reasonable person would suggest one hit anybody older than 40 years old right now. >> what was depressing -- there were a lot of things that were depressing. one of the most impressive things is i don't really think the american people really care that much about the deficit. they certainly didn't vote as if they did. when it comes to these entitlement programs, no matter what your party is and whether you agree with paul ryan or not, he did put bold initiatives to try to bring these costs down and people rejected it. i think we took a step back in the last election in terms of fixing the programs. >> having said that, a lot of people say i paid into social security and i des
cliff on the spending side. it would be up to the republicans to convince the american public that we have to reform these things in order to save these things. to a large degree, we have to be concerned that they are not articulating this to the point where people are saying now. i'm not ready to do it. even though the irony is any sort of reasonable person would suggest one hit anybody older than 40 years old right now. >> what was depressing -- there were a lot of things that were...
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Nov 19, 2012
11/12
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forty-two days until the united states jumps off the fiscal cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p data back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning pos
forty-two days until the united states jumps off the fiscal cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the...
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Nov 25, 2012
11/12
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., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is david rock, co-founder and author of "your brain at work." good morning. >> good morning to you, radi, good to be here with you. >> i have a lot to get through with you, but you say that our brains are inherently wired to categorize other people in one of two ways. in groups and out groups. can you explain what that means? >> absolutely. it's an inle function, and we see it in many other animals, including mammals as well. it's not just an american thing or western thing. it's very much a part of who we are, to decide if everyone we're speaking to is on our team or on another team. millions of years we lived in quite small communities so, we tend to only have a small number of people in our in group, and everyone el
., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is david rock, co-founder and author of "your brain at work." good morning. >> good morning to you, radi,...
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Oct 24, 2012
10/12
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>> there are two sides to the fiscal cliff. tax hikes and spending cuts. my judgment is the spending cuts are mainly a good thing. the u.s. is spending too much money and a lot of the we are spending it on his whistle. so most of the spending cuts i would be perfectly happy with an adult think that they will do much to slow down the economy. tax hikes are a different story. clearly terrible idea. to some extent we may already be seen as a tax. the current slow-growth is partially anticipation, so we are not necessarily going to be falling off a cliff on january january 1. we are already sort of going down that the slowly because of the anticipation of those tax hikes. tracy: and you know what, nine times out of ten they make things retroactive anyway, so if we fall off the cliff will bounce right back over to the other side come january. thank you for your insights. >> my pleasure. thank you. tracy: it is not just economic policy. newly released e-mails showing the white house and the state department knew a terrorist affiliated group claimed responsibilit
>> there are two sides to the fiscal cliff. tax hikes and spending cuts. my judgment is the spending cuts are mainly a good thing. the u.s. is spending too much money and a lot of the we are spending it on his whistle. so most of the spending cuts i would be perfectly happy with an adult think that they will do much to slow down the economy. tax hikes are a different story. clearly terrible idea. to some extent we may already be seen as a tax. the current slow-growth is partially...
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Nov 26, 2012
11/12
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cliff looming, white house economists are warning shoppers concerned about a tax increase pay not spend as much this holiday season. danielle -- nottingham, cbs news. >>> investors are worried the strong start to the holiday shopping season may not last. right now, let's take a look at the dow. it's down nearly 60 points at this hour. >>> something that might help those numbers on wall street, cyber monday. it's expected to be the biggest online shopping day of the year. one data tracking firm predicts online sales will reach a billion and a half dollars today. today. >>> online retailers have made great strides in making it very easy for people to return things. paste-on shipping labels and free shipping, oftentimes free returns and so that has something to do with the increase in online shopping. >> big box stores are trying to stay competitive. tomorrow, best buy, target, toys "r" us will match any online price. >>> the president of egypt is meeting members of the country's judiciary council to try to find a way out of a political crisis. violent street protests are continuing agains
cliff looming, white house economists are warning shoppers concerned about a tax increase pay not spend as much this holiday season. danielle -- nottingham, cbs news. >>> investors are worried the strong start to the holiday shopping season may not last. right now, let's take a look at the dow. it's down nearly 60 points at this hour. >>> something that might help those numbers on wall street, cyber monday. it's expected to be the biggest online shopping day of the year. one...
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Nov 19, 2012
11/12
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cliff. >> really? well one of the people who teaches me economics says no. it might be okay. russ roberts of the hoover institute. >> it's not this big horrible crisis? >> government spending is 3.8 trillion and you are going to cut 100 billion? that's the deck chair on the titanic. it's not really a dramatic change. >> might be good if it's across the board. >> if they are actual cuts i think that's good. i tut 10 percent across the board if i had my drtuthers. let's save the things that are really important and cut the things that are not important. >> test all or not. it's all crucial. connection increases but we have a trillion dollar deficit. we are already spending each year a trillion more than we take in. saying we are going to raise taxes by 400 billion in one year, we are already raising them a trillion in the future. so to me the idea of raising taxes is probably a good idea. it says this spending that we have been doing is not a free lunch. >> not just raising taxes let's even things out a
cliff. >> really? well one of the people who teaches me economics says no. it might be okay. russ roberts of the hoover institute. >> it's not this big horrible crisis? >> government spending is 3.8 trillion and you are going to cut 100 billion? that's the deck chair on the titanic. it's not really a dramatic change. >> might be good if it's across the board. >> if they are actual cuts i think that's good. i tut 10 percent across the board if i had my drtuthers....
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Nov 27, 2012
11/12
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is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think going off the fiscal cliff would necessarily be a bad thing? >> it would be a bad thing to raise taxes. it doesn't make sense to me. i don't accept that cutting spending is bad for the economy. i think cutting federal spending, which means less borrowing up here, is go for the economy, but i do think taxes going up is a bad thing for the economy. i agree with half of the equation of the fiscal cliff, but i don't agree if taxes going up is bad for the economy why would we only want half of the taxes to go up? >> greta: that's like the reverse of the democrats. i think senator harry reid thinks it's a
is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think going off the fiscal cliff would necessarily be...
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Dec 6, 2012
12/12
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go over the fiscal cliff. take $1.2 trillion out of spending and tax hikes, stops the spending. mandatory spending cuts across the board. you know what? the only way to do it. only way to do it. everything else is chump change. >> dana: how do you deal with deficit reduction if you raise the taxes on a portion of the country that will pay for the government for 8.5 days? >> bob: you couple that with the social security adjustments and medicare. 'canes that is not what geithner put on the table. >> dana: that is going to be on -- >> bob: that is what is going to be on the table. >> dana: republicans held their feet on the fire. >> bob: whatever it took. >> greg: i used to think howard dean was a proctologist because he had his head up his butt but he pulled the curtain back. it's never about raising taxes on the rich because you run out of rich. >> andrea: right. >> greg: that is the point. >> eric: raise tax on everyone who pays taxes or everyone? everyone means the poor and 47% will start paying. >> greg: if you raise taxes up 2%, eight days of government? >> andrea: the dirty
go over the fiscal cliff. take $1.2 trillion out of spending and tax hikes, stops the spending. mandatory spending cuts across the board. you know what? the only way to do it. only way to do it. everything else is chump change. >> dana: how do you deal with deficit reduction if you raise the taxes on a portion of the country that will pay for the government for 8.5 days? >> bob: you couple that with the social security adjustments and medicare. 'canes that is not what geithner put...
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Nov 28, 2012
11/12
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the fiscal cliff. especially a campaign-style warning to middle class voters. it may be more about the 2014 mid-term elections than fiscal responsibility. it's one of the traditional sounds of the christmas season but it will be a silent night for the salvation army bell ringers in one american community. why? [ male announcer ]lka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't find theraflu? try alka-seltzer plus for fast, liquid, cold, and flu relief. megyn: an update of a father and his yo
the fiscal cliff. especially a campaign-style warning to middle class voters. it may be more about the 2014 mid-term elections than fiscal responsibility. it's one of the traditional sounds of the christmas season but it will be a silent night for the salvation army bell ringers in one american community. why? [ male announcer ]lka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny...
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Nov 29, 2012
11/12
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the fiscal cliff? >> listen, there's a framework that we presented to the white house two weeks ago. the framework is -- has been agreed to in terms of really a down payment on the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year, and tax reform next year. but this was way out of balance. and not a recognition on the part of the white house about the serious spending problem that we have. [ inaudible question ] going over the fiscal cliff, you called serious business, extending the lower tax rates -- [ inaudible question ] >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag a
the fiscal cliff? >> listen, there's a framework that we presented to the white house two weeks ago. the framework is -- has been agreed to in terms of really a down payment on the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year, and tax reform next year. but this was way out of balance. and not a recognition on the part of the white house about the serious spending problem that we have. [ inaudible...
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Nov 12, 2012
11/12
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cliff. mr. obama hoping to build con consensus to avoid automatic tak increases and spending -- automatic tax increases and spending cuts. he will meet this week with labor and business leaders. >>> the veterans affairs secretary wants to not only reduce the number of homeless vets but cut it to zero. >> reporter: this is the first housing for homeless vets in san francisco in the past 12 years. today, was more of and informal opening. they're going to wait to have the grand opening later on but today they wanted to be able to commemorate the vets. this downtown building will soon be home to 75 disabled veterans. >> this gives them a safe place to be even if they're in a shelter or in emergency housing, they're very vulnerable to predators, they're vulnerable to you name it. >> reporter: the group partnered with federal, state agents and the city of san francisco to gather the $30 million to renovate the building into veterans commons. >> weaver been at this since 1974, and it's very gratify
cliff. mr. obama hoping to build con consensus to avoid automatic tak increases and spending -- automatic tax increases and spending cuts. he will meet this week with labor and business leaders. >>> the veterans affairs secretary wants to not only reduce the number of homeless vets but cut it to zero. >> reporter: this is the first housing for homeless vets in san francisco in the past 12 years. today, was more of and informal opening. they're going to wait to have the grand...
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636
Sep 28, 2012
09/12
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cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would be if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the ionomy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. bor the labor department says the economy actually added nearly 400,00
cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san...
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Dec 18, 2012
12/12
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with the fiscal cliff looming, president obama and barack obama; obama and house speaker boehner i should say continue to fight tooth and nail over how best to avert the automattic tax hikes and spending cuts that would go in effect, exactly two weeks from tonight. we have team fox coverage tonight with chief political correspondent carl cameron on capitol hill, where the house is set to vote on what speaker boehner calls a plan "b." but we start and you have may have seen him with the chief washington correspondent ed henry where obama insists he moved more than halfway to meet boehner. >> megyn: the democrats have given a lot to boehner and they are not ready to give more. top advisor telling me the white house believes the negotiation took a step back today. speaker boehner said it's time for a backup plan. >> our plan "b" is protect taxpayers making $1 million or less and have current rates extended. >> there there is little chance of passible in the senate. the democrats say if goalposts is getting moved. >> take the football and charlie brown episode. they jerk it away. >> 15 months
with the fiscal cliff looming, president obama and barack obama; obama and house speaker boehner i should say continue to fight tooth and nail over how best to avert the automattic tax hikes and spending cuts that would go in effect, exactly two weeks from tonight. we have team fox coverage tonight with chief political correspondent carl cameron on capitol hill, where the house is set to vote on what speaker boehner calls a plan "b." but we start and you have may have seen him with...
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Nov 30, 2012
11/12
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FBC
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last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, it means that those that are negotiating, such as secretary geithner, they probably don't feel bound by what the president is saying
last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do...
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Dec 6, 2012
12/12
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cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the president is playing a very dangerous game of chicken and this is with your paycheck and the american dream. meanwhile, the republicans have allowed themselves to get caught in a circular firing squad. they're negotiating publicly among themselves while true conservatives and tea party members are being removed from key committees. today speaker john boehner adopted the president's class wawarfare rhetoric. shocki
cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the...
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Nov 24, 2012
11/12
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. >> gregg: and we are approaching, like it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headli
. >> gregg: and we are approaching, like it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises...
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Dec 7, 2012
12/12
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we will see. >> ruth from tell. >> i am in agreement with the fiscal cliff, you are my hero. we. >> robert, e-mail, perfect solution, again you nailed it, neil. >> jay from arizona, to the super hero i am glad someone is coming to the aid of the country. if you want do be a super hero you may want to turn your tall ends to educate the people on economics of country. >> that is what i do as a mortal on this follow show and on fox business network each day, jay every day, without a super her overoutfit. >> and i often watch with my dad and i think you are funny but i wonder, was he an odd kid? you seem like you would have done some odd things? >> well, if you call always worrying about the planet trying to say that the odds, well, guilty. >> kathy from hotmail, i love you, not in a romantic we because you saw it as it is. why not run for budget? i was too busy being a super hero, leaving mere mortals to lead. >> from north carolina, thanks for chewing out congress, and i am thinking of watching "lincoln" rather than fixing the economic problems. any in the of harry reid getting
we will see. >> ruth from tell. >> i am in agreement with the fiscal cliff, you are my hero. we. >> robert, e-mail, perfect solution, again you nailed it, neil. >> jay from arizona, to the super hero i am glad someone is coming to the aid of the country. if you want do be a super hero you may want to turn your tall ends to educate the people on economics of country. >> that is what i do as a mortal on this follow show and on fox business network each day, jay every...
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Dec 31, 2012
12/12
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life opens up when you do. ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. >> the republicans in the house have decide to do rundown an alley that has no exit. >> republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> every time we come to a solution it was a year and a half ago in the summer right now the republicans walk away. >> don't automatically assume the president wants to cut a deal. i think he wants to wait to see if he gets blamed for it before he starts really negotiating. >> nobody can get 100 percent of what they want. this is not a contest between parties in terms of who looks good and who doesn't. >>> the real consequences to what we do. >> fox news contributor and democratic pollster doug sho/* schoen is here. >> the latest poll indicates that the country 4
life opens up when you do. ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. >> the republicans in the house have decide to do rundown an alley that has no exit. >> republicans aren't about to write a blank check or anything senate democrats put forward just...
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Dec 12, 2012
12/12
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more on the new developments on the fiscal cliff. plus north korea successfully launches a rocket, cheers erupt in yeongpyeong, another escalation in the korean nuclear crisis. two of our guests joining us say this is a very big deal. hearings underway on human growth hormone and the nfl, what will the league decide in we'll go in depth today. bill: see you then at the top of the hour. have a look at this. will you? 33 of these found by border patrol miles from mexico. martha: it's a great store row. bill: you know what they are? martha: i do, but people should stick around to find out, pretty interesting. we'll be right back. table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! could've had a v8. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating w
more on the new developments on the fiscal cliff. plus north korea successfully launches a rocket, cheers erupt in yeongpyeong, another escalation in the korean nuclear crisis. two of our guests joining us say this is a very big deal. hearings underway on human growth hormone and the nfl, what will the league decide in we'll go in depth today. bill: see you then at the top of the hour. have a look at this. will you? 33 of these found by border patrol miles from mexico. martha: it's a great...
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Dec 6, 2012
12/12
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the spending cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are going to insist on some cuts anyway, so bottom line is we are going to see a weaker economy into the beginning of next year. probably one way or the other. now, the counter to that, peter, is that there are forces in the economy that are strengthening it. this energy boom that we've got, the natural gas, the amount of fracturing that we're doing, the fact that housing has been doing tremendously well, and interest rates remain very low with prices, so there's some sense that there's a bit of a renaissance on the horizon, and if the government doesn't mess that up too much, 2013 could end up being as good as 2012 if not a little better. i don't know if you completely disagree with that, peter, but i think there's enough good going on that it could offset the bad. >> to you think it could go up to 10% unemployment. do you agree with peter on that? >> i don't know. i don't know if it will go go up
the spending cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are going to insist on some cuts anyway, so bottom line is we are going to see a weaker economy into the beginning of next year. probably one way or the other. now, the counter to that, peter, is that there are forces in the economy that are strengthening it. this energy boom that we've got, the natural gas, the amount of...
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Dec 27, 2012
12/12
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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Dec 26, 2012
12/12
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cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in n
cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight...
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Jul 20, 2012
07/12
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CNBC
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going down. 75% of the fiscal cliff is increased taxes, and 20% of it is cuts. secondly you have energy prices down and interest rates down. that is cutting into the earnings of physicfinancials an number companies. earning wills only be up as you know 2.7% this year. the consensus is for them to be up next year, and next year down 1% next year, and the consensus is for them to be up another 12%, we're $20 less. $98 is our number for 2013. we want to wish our u.s. olympic team all the best one week from today. the opening ceremony. 2012, go team usa. >> all of the nbc stations will be covering that. tyler over to you. >> let me get your reaction to what david just talked about there. he lays out a high both sit about the markets from now until the end of the year, do you share his view? >> i think we will see a repeat of last year. i think the market will flat line and then muddle through the fall and winter, i don't sigh any reason to be in those stocks, i don't think it will be too positive going forward, that will set the pace for the dollar, you tell me wher
going down. 75% of the fiscal cliff is increased taxes, and 20% of it is cuts. secondly you have energy prices down and interest rates down. that is cutting into the earnings of physicfinancials an number companies. earning wills only be up as you know 2.7% this year. the consensus is for them to be up next year, and next year down 1% next year, and the consensus is for them to be up another 12%, we're $20 less. $98 is our number for 2013. we want to wish our u.s. olympic team all the best one...
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Dec 23, 2012
12/12
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cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the headlines go to fox news.com. the pro lifer versus pro abortion is heating nup ireland. the woman complained of pain and she asked for a abortion believing she miscarried her young baby. the doctors refused to abort the child saying the fetal heart beat was still. the women died three days later. the incident caused controversy all over the world . american pro abortion advocates pressured hillary clinton. joining us is hilary rose. an irish citizen nevy brown delair woman of love institute. it is so good to have you hered today
cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the...
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Nov 16, 2012
11/12
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CNN
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fiscal cliff. he will be meeting with leaders of civic groups. earlier he sat down with congressional leaders in a closed-door meeting they described as constructive. we are following the benghazi hearings on capitol hill as well. the testimony by former cia director david petraeus, republican congressman peter king said petraeus tried to explain how information about the deadly attack in libya came together. >> he said it was a long process involving many agencies, including the department of justice, the state department, and no one knows yet exactly who came up with the final version of the talking points, other than to say the original talking points from the cia were different from the ones that were finally put out. >> he says petraeus also told lawmakers the affair that led to his resignation from the cia had no affect on his testimony. >>> well, that affair pretty much the elephant in the room. daena bash is joining us now from capitol hill. dana, first of all, did that come up at all? >> w
fiscal cliff. he will be meeting with leaders of civic groups. earlier he sat down with congressional leaders in a closed-door meeting they described as constructive. we are following the benghazi hearings on capitol hill as well. the testimony by former cia director david petraeus, republican congressman peter king said petraeus tried to explain how information about the deadly attack in libya came together. >> he said it was a long process involving many agencies, including the...
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Dec 7, 2012
12/12
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cliff -- the real fiscal cliff is national bankruptcy, and its imminent if we don't cut spending and entitlements . obama is a bully, inflection i believe, making demands we can't accept because his demands involve spending increases, no spending reductions, tax increases on two percent of people who won't do anything with revenues. it's totally unacceptable. at least under the fiscal cliff we have some mandatory cut, albeit us proportionately to defense spending. but it's better than accepting obama's terms crammed down our throat. boehner needs to get a told of this pr machine and paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage. no, it's him holding the entire country hostage and our kids hostage to his reckless spending and cynical refusal to enter the entitlement reform game. >> i don't even want to hear more about taxes. juan, shaking your head. >> i hear you, gentlemen. you guys are wonderful. merry christmas. but sean you said hyperpartisanship, and david talks about inflexibility. you know, and i'm thinking to
cliff -- the real fiscal cliff is national bankruptcy, and its imminent if we don't cut spending and entitlements . obama is a bully, inflection i believe, making demands we can't accept because his demands involve spending increases, no spending reductions, tax increases on two percent of people who won't do anything with revenues. it's totally unacceptable. at least under the fiscal cliff we have some mandatory cut, albeit us proportionately to defense spending. but it's better than accepting...
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Nov 21, 2012
11/12
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of respondents say the fiscal cliff will have a large impact on their overall holiday spending this year. now, that being said, the sacrifices consumers will make over the holidays go far beyond the mall, we are talking about the sluggish economy, having an impact on other sacrifices that americans are making, their vacations, they have relied on relatives for air fare to get home and scoured the remember for travel deals to ensure they can get to grandma's house, with the slow committee forcing airlines struggling to save on jet fuel and other expenses to cut the number of flights they are putting out in the air leading up to a number of air fare jumps, and, for the millions of americans hitting the road, they say it is the highest gas prices on record for this time of year and rising tolls, so, many travelers are saying they are accepting the sacrifices for pricey holiday travel as the new norm. >>eric: thank you. have a great thanksgiving. now, celebrations in the streets of gaza city right now as a cease-fire between israel and hamas is declared. will it hold? why the u.n. actio
of respondents say the fiscal cliff will have a large impact on their overall holiday spending this year. now, that being said, the sacrifices consumers will make over the holidays go far beyond the mall, we are talking about the sluggish economy, having an impact on other sacrifices that americans are making, their vacations, they have relied on relatives for air fare to get home and scoured the remember for travel deals to ensure they can get to grandma's house, with the slow committee...
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Jun 29, 2012
06/12
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the tax code to get economic growth going again and try and avoid this fiscal cliff we are facing at the end of the year. >> more taxes. trillioneded deficits. no attempt to try and fix the fiscal cliff. >> to get on the path to prosperity we have to avoid the fiscal cliff. >> and barack obama leadership is driving this business the united states of america towards a fiscal cliff. >> neil: delaware senator are chris kuhn says we are not headed towards a fiscal cliff. be that as it may, what do you make of the argument there was a great rush to get the bill done, maybe for all of the right reasons but not nearly the deal to ever cut spending. >> two things if i could, neil. there wasn't a great rush to get the bill done. talley came out of the senate committee last november and it has been grinding along between the senate and the house for several months. i am glad that the house and senate were able to come to an agreement and pass the transportation bill. because i think we do need to continue to invest in improving our roads and highways. is a contribution to our economy that will
the tax code to get economic growth going again and try and avoid this fiscal cliff we are facing at the end of the year. >> more taxes. trillioneded deficits. no attempt to try and fix the fiscal cliff. >> to get on the path to prosperity we have to avoid the fiscal cliff. >> and barack obama leadership is driving this business the united states of america towards a fiscal cliff. >> neil: delaware senator are chris kuhn says we are not headed towards a fiscal cliff. be...
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Nov 21, 2012
11/12
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FBC
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then we thought the fiscal cliff. there going to have to show some kind of movement on medicare. either an increase in net the age, 67, 68, 69, or maybe make it means tested. democrats don't like means tested because they're afraid that will undercut, eventually that will undercut all of medicaid. going to have to have some reductions in medicare, medicaid. and you will have to do something about social security. if you don't do that i don't see how you have accomplished anything. tom: mr. mayor, you know that there is a lot of republicans that are saying i want smaller government, less spending, and tanana reform. don't take my check away from me >> but they have to face reelection in two years. you can read too much into this election. this was not a mandate. this was a popular vote to% election, even electoral votes when he looked at the states, separated by 2%, 3%, 4%. this was not some kind of major reelection when like reagan had, like even clinton had. clinton might think, won by 8%, reagan nine, ten, 11%. there is no real mandate here. so i can't see the republicans getti
then we thought the fiscal cliff. there going to have to show some kind of movement on medicare. either an increase in net the age, 67, 68, 69, or maybe make it means tested. democrats don't like means tested because they're afraid that will undercut, eventually that will undercut all of medicaid. going to have to have some reductions in medicare, medicaid. and you will have to do something about social security. if you don't do that i don't see how you have accomplished anything. tom: mr....
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Dec 28, 2012
12/12
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if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product will still grow at about 2.5% to 3%. that's the first step. then speaker boehner and the president come together. they are within $500 billion of step two. $3 trillion debt reduction. all he is there to do is come back and -- $2.5 trillion -- >> next ten years. >> that's where we need them to generate the political will that's right for america's economy. >> i want to ask you about political will. we look at he is mums and it seems there is a lot of republicans that are weary of the -- agreeing to any deal because of a threat of a primary. a lot of the folks in the house chop from conservative districts. barack obama is a bad word. they do
if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product will still grow at about 2.5% to 3%. that's the first...
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Dec 10, 2012
12/12
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cliff spending and revenue raised in the next three weeks, and, yes, that's at the end of the month. they'll get through that, but, again, you want to have leverage when you have that conversation. that leverage is going to, i think, hinge off of what you were saying, and i think you're right. boehner has probably the better hand to play here given that really there's not a strong hand, but it's a better hand than what he otherwise would have in terms of negotiations. if he is just allowed get in the room and negotiate the deal because he knows he has all these other, you know, arrows in his quiver that he can use. >> i just -- i think it's hopeful that they went -- that he went to the white house yesterday and almost kind of hopeful that at least everybody is agreeing not to say anything, as opposed to leaking bad news. really quickly, jonathan, the president is going to michigan, and he will be -- well, he is there en route now. the right to work law in michigan could be signed as early, i believe, finalized as early as tomorrow. what is the president owe labor unions at this point
cliff spending and revenue raised in the next three weeks, and, yes, that's at the end of the month. they'll get through that, but, again, you want to have leverage when you have that conversation. that leverage is going to, i think, hinge off of what you were saying, and i think you're right. boehner has probably the better hand to play here given that really there's not a strong hand, but it's a better hand than what he otherwise would have in terms of negotiations. if he is just allowed get...
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Dec 19, 2012
12/12
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the fiscal cliff is fast approaching. speaker john boehner has a plan. >> i continue to have hope we can reach a broader agreement with the white house that would reduce spending as well as revenues on the table. >> greta: what is president obama's plan? rush limbaugh says it's a secret plan to decimate the republican party. here's rush limbaugh. >> the president, who will have engineered all of this, will then be able to steal from the republicans that which they are known for, a strong defense and low taxes. and in the process the president and his party will effectively decimate the republican party. that will make a lot of people very happy. hollywood, warren buffett, oprah, david letterman, you know, all your favorite people. what boehner is trying to do -- i don't know it's going to work, but i think offering this million dollar umbrella is essentially taking the revenue issue off the table by agreeing to it, and then the efforts to focus the democrats on spending. now dinghy hairy, the wiley old coyote here has ref
the fiscal cliff is fast approaching. speaker john boehner has a plan. >> i continue to have hope we can reach a broader agreement with the white house that would reduce spending as well as revenues on the table. >> greta: what is president obama's plan? rush limbaugh says it's a secret plan to decimate the republican party. here's rush limbaugh. >> the president, who will have engineered all of this, will then be able to steal from the republicans that which they are known...
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Nov 30, 2012
11/12
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tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's daily brief before she made her misleading statement about the cause of the september 11 attacks. now back to my colleagues at "the five." ♪ ♪ >> brian: this is a senior and has autism and other development issues and a t place kicker, which is extraordinary. having a rough season. but anthony led the team to upset victory. here is how it sounded. [ cheering ] >> brian: this game-winning field goal is a hit on youtube ever since. what is amazing, this kid loves rutgers. he used to sit in the stands. developmentally around 12 years old. going to high school and beloved by everybody. sitting in the stands watc
tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's...
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Oct 26, 2012
10/12
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FBC
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we are heading 40 fiscal cliff. how much more can the government go, how much more can we spend? that is why you are seeing in the trade today mixed market continuing up and down. can't find that momentum to break through on the upside to make new highs. liz: we can spin it forward fbn bob's bob and we get the jobs number soon and people will be looking for that final jobs report before the election. how much power does that hold? >> holds a lot of power. that is something the market really is going to focus on next week. you need a big upward surprise in jobs next week to really have the market gained momentum and i think make people feel like there is momentum in the economy. even if the number comes in lackluster ahead of a presidential election that carries a lot of weight on which direction the market will move particularly as we move post presidential election. dave: what is happening with commodities? we have seen gold test the 1700 mark. it out but did not go anywhere today. >> when you look at commodities, gold in particular it is a two day trade. you mentioned inflation
we are heading 40 fiscal cliff. how much more can the government go, how much more can we spend? that is why you are seeing in the trade today mixed market continuing up and down. can't find that momentum to break through on the upside to make new highs. liz: we can spin it forward fbn bob's bob and we get the jobs number soon and people will be looking for that final jobs report before the election. how much power does that hold? >> holds a lot of power. that is something the market...
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Dec 1, 2012
12/12
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CNNW
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cliff negotiations. 67% expect cringe-worthy immaturity. they don't have much faith in the congress, and they're crying out for a balanced approach. the same poll found 67% want a budget deal with a mix of spending cuts and tax increases, not just spending cuts alone. >>> back to that pledge. that pledge never to raise taxes. the rose grover nordqvist -- they aren't in this pledge. >> i pledge allegiance to the flag of the united states of america. >> and a few brave lawmakers are beginning to acknowledge that their constituents may want flexibility. >> i answer to my constituents, not to a pledge. my constituents certainly don't want me to come to washington to raise their taxes, but
cliff negotiations. 67% expect cringe-worthy immaturity. they don't have much faith in the congress, and they're crying out for a balanced approach. the same poll found 67% want a budget deal with a mix of spending cuts and tax increases, not just spending cuts alone. >>> back to that pledge. that pledge never to raise taxes. the rose grover nordqvist -- they aren't in this pledge. >> i pledge allegiance to the flag of the united states of america. >> and a few brave...
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Aug 8, 2012
08/12
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and here's the warnings about the fiscal cliff, the dangerous combination of spending cuts and tax hikes looming at the end of the year. but now, a new warning that american businesses may face an even bigger danger. it's what one writer calls the obama cliff. what is that? we have a senior writer fur investor's business daily. >> thank you for having me. >> greta: what is the obama cliff? and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only on the rich. but he's admitted that he is going to raise taxes on small businesses. he says it will impact 2% of small businesses. that sounds like not very many. but when you figure that's 900,000 small businesses to s
and here's the warnings about the fiscal cliff, the dangerous combination of spending cuts and tax hikes looming at the end of the year. but now, a new warning that american businesses may face an even bigger danger. it's what one writer calls the obama cliff. what is that? we have a senior writer fur investor's business daily. >> thank you for having me. >> greta: what is the obama cliff? and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't...
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Nov 26, 2012
11/12
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. >>> right now the clock is ticking as we approach the fiscal cliff, automatic combo of tax likes and spending cuts which most experts say would plunge the country into another recession. tax hikes on wealthy americans a big sticking point because the taxpayer protection pledge promoted by grover norquist. he is lobbyist and conservative activists convinced all republican lawmakers to oppose all tax hikes. now 10 gop lawmakers would be willing to break that pledge. senator sachs by chambliss was the first to announce followed by other prominent republicans including senator lindsey graham and john mccain. then the chairman of house homeland security committee, peter king. >> the only pledge we should make is avoid becoming greece. republicans should put revenue on the table. >> i think everything should be on the table. i myself am opposed to tax increases. the fact the speaker and majority leader and president will be in another room trying to find the best package. i will not prejudge it. jon: joining us now for a fair and balanced debate the doug thorn former communication is chair
. >>> right now the clock is ticking as we approach the fiscal cliff, automatic combo of tax likes and spending cuts which most experts say would plunge the country into another recession. tax hikes on wealthy americans a big sticking point because the taxpayer protection pledge promoted by grover norquist. he is lobbyist and conservative activists convinced all republican lawmakers to oppose all tax hikes. now 10 gop lawmakers would be willing to break that pledge. senator sachs by...
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Dec 3, 2012
12/12
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. >> businesses of much more focused on washington, on the whole policy issues around the fiscal cliff because they are trying to figure out their spending plans guessing what taxes will be. businesses are focused on if they spend x and taxed at y what's that going to leave them in terms of profitability. degree of which businesses have come off a really good four years where the rest of us have come off a more problematic four years. finally in this quarter partly because of the fiscal cliff, partly because of europe, partly because of slow down in china profits are more challenging for companies. but they are still making a lot of money. >> "wall street journal" study of 40 major companies half plan drastic cuts to their investments and spending into next. once a budget deal is reached, i mean whatever it is, do you think we'll see companies loosen their wallet? is there a bigger chance they will slow down more? >> part of this is contingent how well consumers do. companies will spend money if there's this active healthy consumer base that justifies them spending money for more activ
. >> businesses of much more focused on washington, on the whole policy issues around the fiscal cliff because they are trying to figure out their spending plans guessing what taxes will be. businesses are focused on if they spend x and taxed at y what's that going to leave them in terms of profitability. degree of which businesses have come off a really good four years where the rest of us have come off a more problematic four years. finally in this quarter partly because of the fiscal...
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Dec 19, 2012
12/12
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WJZ
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the so-called fiscal cliff is now just two weeks away. that's the day that tax hikes for most americans and huge across-the-board spending cuts in the federal budget will kick in unless a budget deal the reached. well, today house speaker john boehner rolled out what he calls plan "b" in case that he and the president can't strike a deal. the nancy cordes is at the capitol for us tonight. nancy? >> reporter: scott, this is speaker boehner acknowledging that they are running out of time. so he's calling a vote on a plan later this week that he know it is white house won't like in the hopes they'll make big concessions in talks now to avoid it. >> our plan "b" would protect american taxpayers. >> reporter: speaker boehner said he'll take his plan directly to the house floor with a bill to extend the low bush-era tax rates for all americans making less than one million dollars a year. that's far higher than the $400 income cutoff the president is currently proposing. higher still than president obama's campaign promise-- to let taxes rise on
the so-called fiscal cliff is now just two weeks away. that's the day that tax hikes for most americans and huge across-the-board spending cuts in the federal budget will kick in unless a budget deal the reached. well, today house speaker john boehner rolled out what he calls plan "b" in case that he and the president can't strike a deal. the nancy cordes is at the capitol for us tonight. nancy? >> reporter: scott, this is speaker boehner acknowledging that they are running out...